Market Status: Closed Sat 03 Dec 16, 3:32 PM (BST)
TREC Holder name:
CSE NEWSToday's Trade: Today's (1 December 2016) Total Trades: 19,928; Volume: 20,397,903 and Turnover: Tk. 535.90 million.
Information for Brokerage houses relating to Margin LoanBENGALWTL: Bengal Windsor Thermoplastics Ltd. has requested the concerned brokerage houses /merchant bank to provide the detailed data of the shareholders (shareholder's name, BO Number, e-TIN number, gross dividend receivable, applicable tax rate and net dividend receivables) of their margin loan holders who hold shares of the Company as on Record Date, along with the name of the contact person in this connection. The brokerage houses and merchant bankers are also requested to submit their Bank Account name, number, routing number on or before December 10, 2016.
Record date on 04.12.16ACIFORMULA: Trading of the shares of ACI Formulations Limited will remain suspended on record date i.e., 04.12.2016 for entitlement of interim dividend. Trading of the shares of the Company will resume on 05.12.2016.
Record date on 04.12.16ACI: Trading of the shares of ACI Limited will remain suspended on record date i.e., 04.12.2016 for entitlement of interim dividend. Trading of the shares of the Company will resume on 05.12.2016.
Continue5-Auditor's OpinionPOWERGRID(cont5):The amounts could neither be confirmed from BPDB directly nor supported with the account statement of BPDB. 6. As disclosed in Note # 15, the Company has reported an amount of BDT 1,735,868,760 (addition during the year amounting to BDT 681,918,278) as provision for gratuity. The Company carries an unfunded gratuity scheme for its employees and provision was made as per Company gratuity policy for which no actuarial valuation was performed which is required to be done as per BAS 19.''(end)
Continue4-Auditor's OpinionPOWERGRID(cont4):As per BAS 21: Effects of Changes in Foreign Exchange Rates, the said amount should be recognized as loss in Statement of Profit or Loss and Other Comprehensive Income. Due to this misrepresentation, income for the period has been overstated by BDT 1,100,215,757. 5. As disclosed in Note # 20.4, current account with corporations and other offices includes BDT 114,745,358 and BDT (2,422,567) on account of BPDB and Project-1 respectively as on 30 June 2016. Also as per Note # 13.3(A), the Company owes to BDT 4,339,480,698 to BPDB.(cont)
Continue3-Auditor's OpinionPOWERGRID(cont3):which includes disputed amounts with the respective companies (disputed amount with DPDC BDT 274,407,626 and DESCO BDT 3,106,231). As the mentioned disputed amounts, in our opinion, the Company is very unlikely to receive the amounts in full. As provisions were not made for the above mentioned amounts, the earnings per share (EPS) and net asset value (NAV) for the year 2015-2016 would have adversely been affected to the extent. 4. As disclosed in Note # 2.1, the Company has reported an amount of BDT 1,100,215,757 as addition of PPE arises from exchange rate fluctuation related with the outstanding principal amount of loan for the year ended 30 June 2016.(cont)
Continue2-Auditor's OpinionPOWERGRID(cont2): During our visits, we find that inventory register was not maintained properly, movement of inventories was not recorded properly and we could not find annual inventory valuation report for Barisal, Bogra, Ishwardi and Mymensingh GMD offices. As a result, we are unable to confirm the physical existence of inventories to confine the physical existence as well as their value as on 30 June 2016. 3. As disclosed in Note # 8, the Company has reported as amount of BDT 2,463,747,065 as receivable from transmission/wheeling and optical fiber charges. It includes receivable from DPDC and DESCO amounting to BDT 857,867,261 and 267,881,465 respectively being carried forward since 2008-2016,(cont)
Continue1-Auditor's OpinionPOWERGRID(cont1): No physical verification of PPE was conducted either at the year-end or any time during the period under audit. We are unable to confirm the authenticity as to the physical existence of PPE as on 30 June 2016. The Company has never performed impairment test for PPE and no policy regarding impairment was found, which is a non-compliance with BAS 16 is: Property, Plant & Equipment (PPE). 2. As disclosed in Note # 7, the Company has reported an amount of BDT 808,254,057 as inventories. We have visited 20 Grid Maintenance Division (GMD) offices involving the inventories value amounting to BDT 608,057,048 which is 75% of total inventories.(cont)
Auditor's OpinionPOWERGRID: The auditor of Power Grid Company of Bangladesh Ltd. has given the following qualified opinion in the audit report of the Company for the year ended on 30 June 2016: ''Basis for Qualified Opinion: 1.As disclosed in Note # 4, the carrying amount of property, plant and equipment as reported as BDT 85,368,136,099. PPE register is not maintained properly by the Company incorporating relevant information like, original cost, accumulated depreciation, rate of depreciation, year of acquisition, identification number, etc. Valuation and physical verification of plant and machinery transferred from Bangladesh Power Development Board (BPDB) and Dhaka Power Distribution Company (DPDC) was not conducted.(cont)
Sale of Fractional Bonus SharesDBH: Delta Brac Housing Finance Corporation Ltd. has informed that it intends to sell 979 fractional bonus shares of the Company at the prevailing market price through Stock Exchange within next 30 working days.
Bonus Shares CreditedDBH: Delta Brac Housing Finance Corporation Ltd. has informed that the Bonus shares of the Company for the year ended 30 June 2016 have already been credited to the respective shareholders' BO Accounts.
Spot trade from 04.12.16STANDARINS: Trading of the shares of Standard Insurance Ltd. will be allowed only in the Spot Market from 04.12.2016 to 05.12.2016 as the record date of the Company is on 06.12.2016.
Spot trade from 04.12.16ECABLES: Trading of the shares of Eastern Cables Ltd. will be allowed only in the Spot Market from 04.12.2016 to 05.12.2016 as the record date of the Company is on 06.12.2016.
Spot trade from 04.12.16MHSML: Trading of the shares of Mozaffar Hossain Spinning Mills Ltd. will be allowed only in the Spot Market from 04.12.2016 to 05.12.2016 as the record date of the Company is on 06.12.2016.
Continue2-Auditor's OpinionLIBRAINFU(cont2): 3.The company uses revaluation model for presentation of non-current assets but last revaluation was conducted in the year 2010 and present fair market value of the same assets differs materially from the values shown in the financial statements. In this connection we refer note no. 3.2 of the financial statements. 4. Depreciation on non-current assets of Unit 2 was not charged as per BAS 16 since inception. In this connection we refer note no. 3.1 of the financial statements. 5. Deferred tax calculation has not been produced to us and as a result, we are unable to verify the same.''(end)
Continue1-Auditor's OpinionLIBRAINFU(cont1): 2. Though the company has profit but the company neither share profit nor paid any advance to Al-Arafa Bank Limited against their investment of Tk. 831,224,856 which comprised of Long term investment Tk. 305,808,090, Term Investment Tk. 277,161,631 and short term investment Tk. 248,255,135. However, the company paid advances @ 11% as per sanction advice which was shown under finance cost in last year. In this connection we refer note no. 25 of the financial statements.(cont)
Correction-Auditor's OpinionLIBRAINFU: The auditor of Libra Infusions Ltd. has given the following qualified opinion in the audit report of the Company for the year ended on 30 June 2016: ''Basis for Qualified Opinion: 1. The company is pursuing through a legal process for a claim of Tk. 1,572,058,661 on account of loss damage and compensation etc. due to improper banking policy of Al Arafa Islami Bank Ltd. The company presented the said claim as other receivable (Note no: 07) with a contra effect in Creditors and other payables (Note no: 18) which is not in line with BAS.(cont)
Auditor's OpinionLIBRAINFU(cont): The auditor of Libra Infusions Ltd. has given the following qualified opinion in the audit report of the Company for the year ended on 30 June 2016: ''Basis for Qualified Opinion: 1. The company is pursuing through a legal process for a claim of Tk. 1,572,058,661 on account of loss damage and compensation etc. due to improper banking policy of Al Arafa Islami Bank Ltd. The company presented the said claim as other receivable (Note no: 07) with a contra effect in Creditors and other payables (Note no: 18) which is not in line with BAS.(cont)
Buy IntentionIBNSINA: M. Ataur Rahman, one of the Directors of The Ibn Sina Pharmaceutical Industry Ltd. (Representative Director of Ibn Sina Trust), has reported his intention to buy 1,000 shares of the Company at prevailing market price through Stock Exchange within 30 working days
Auditor's OpinionTUNGHAI: The auditor of Tung Hai Knitting & Dyeing Ltd. has given the following emphasis of matter in the audit report of the Company for the year ended on 30 June 2016: ''Emphasis of Matter: Without modifying our report, we draw attention to Annexure: D to the financial statements in which the company reported receivable of Tk. 44,08,68,059 at the period end and Tk. 41,29,16,005 at the preceding year end from Tung Hai Sweaters Ltd, a related party of the company although the company reported bank loan of Tk. 57,68,46,293 in the financial position and accordingly paid financial expensed of Tk. 10,99,79,283 reported in the statement of profit or loss and other comprehensive income.''
Sale IntentionNFML: Lipi Sultana Karim, Imtiaz Ali, Rezaul Karim and Akther Hossain Babul, all are Sponsors/Directors of National Feed Mill Ltd., have reported their intention to sell 1,75,000, 2,79,000, 1,75,000 and 15,50,000 bonus shares out of their holdings of 16,56,000, 21,39,000, 16,56,000 and 1,86,78,369 shares respectively of the Company at prevailing market price through Stock Exchange within next 30 working days.
Foreign Currency RateSEML IBBL Shariah Fund: All concerned are hereby informed that TT Clean rate of BD Tk. for IPO of SEML IBBL Shariah Fund will be as follows: 1US$=78.0000, 1UK?=96.1629 & 1EURO?=83.4230. Therefore, foreign currency required for 500 units of the said IPO will be: 64.10 US Dollar, 51.46 Pound & 59.94 Euro.
ProspectusSEML IBBL Shariah Fund: All concerned are hereby informed that the prospectus of SEML IBBL Shariah Fund is now available at CSE. The subscription period opens on 11 December 2016 and closes on 21 December 2016.
CSE NEWSReport on Financial Netting & Loan Amount: All concerned are hereby informed that as per BSEC's Directive no.SEC/CMRRCD/2009-193/11 dated January 31, 2010, you are requested to provide us the information on financial adjustment(i.e. netting) and loan amount provided by your company to your clients for the month of November, 2016 by 07 December, 2016.
CSE NEWSSubmission of NCB Report: All concerned are hereby informed that the last date of submission of Net Capital Balance Report for the month of November, 2016 is 05 December, 2016.
Board MeetingWATACHEM: Wata Chemicals Limited has informed that the Board Meeting of the Company will be held on 6 December 2016 at 4:15 PM to consider/adopt the following among others: (1) Audited Financial statements for the period from 01.01.2015 to 30.06.2016 (2) Fixation of AGM date, venue, agenda (3) To decide on Record Date (4) Recommendation of dividend.
Board MeetingAMBEEPHA: Ambee Pharmaceuticals Ltd. has informed that the Board Meeting of the Company will be held on 6 December 2016 at 3:15 PM to consider, among others, un-audited financial statements of the Company for the First Quarter (Q1) period ended on September 30, 2016.
Un-audited Financial StatementsMITHUNKNIT: (Quarter 1) As per un-audited financial statements of Mithun Knitting & Dyeing (CEPZ) Ltd., Consolidated EPS was Tk. 0.65 for July-September, 2016 as against Tk. 0.82 for July-September, 2015; Consolidated NOCFPS was Tk. 0.32 for July-September, 2016 as against Tk. 0.33 for July-September, 2015. Consolidated NAV per share was Tk. 29.24 as of September 30, 2016 and Tk. 28.59 as of June 30, 2016.
Spot Trade Continuing Today (01.12.16)SPOT TRADE: Please find SPOT Trade is continuing today on the trading of the shares of MAKSONSPIN, TALLUSPIN, BANGAS, ACI, ACIFORMULA, NTC, LRGLOBMF1 & SPCL.
Ex-benefit Price AdjustmentsKOHINOOR: Please note that the price of the shares of KOHINOOR is adjusted today following its ex-benefits date to the extent of its corporate benefits; hence the price limit on the scrip will remain as it is today. Therefore, adjusted price of KOHINOOR =Tk.400.00.
Paid up shares IncreasedKOHINOOR: Paid up shares of Kohinoor Chemical Co. (Bangladesh) Ltd. have been increased by 2,031,250 Bonus shares (i.e. 20% of 10,156,250 shares) as the scrip has been allowed to trade as ex-benefits with effect from 1 December 2016. Now the total paid up shares of the Company is 12,187,500.
Credit RatingSALAMCRST: Alpha Credit Rating Limited (AlphaRating) has informed that it has assigned the rating of S. Alam Cold Rolled Steels Ltd. as ''A+'' in the long term and ''AR-3'' in the short term along with a stable outlook based on audited financial statements of the Company as on September 30, 2015, 9 months audited financial statement of June 30, 2016 and relevant qualitative information up to November 29, 2016.
CB freeVAMLBDMF1: Please note that there will be no price limit today 1 December 2016 on the trading of units of the Vanguard AML BD Finance Mutual Fund One following its corporate disclosure.
Financial InformationVAMLBDMF1: The Trustee of Vanguard AML BD Finance Mutual Fund One has reported EPU of Tk. 0.47 for the period from December 24, 2015 to September 30, 2016 and NOCFPU of Tk. 0.02 for the period from December 24, 2015 to September 30, 2016. NAV per unit was Tk. 11.17 on the basis of market price and NAV per unit was Tk. 11.28 on the basis of cost price as on September 30, 2016.
Recommendation of DividendVAMLBDMF1: The Trustee of Vanguard AML BD Finance Mutual Fund One has declared 7.5% Cash Dividend for the year ended on 30 September 2016 based on the Net Income for the current year and considering previous Retained Earnings. Record date is on 22 December 2016.
Change of Close PriceLIBRAINFU: Please note that the close price of the shares of LIBRAINFU has been reset at current market price prevailing in other exchange. New close price of LIBRAINFU=Tk. 454.90.
CSE NEWSMessage: All investors are requested to make their investment decision on the basis of financial strength of the companies not on the basis of rumor.
CDBL NEWSCDBL NEWS: FREE SMS Alerts Service can now be had by BO Accountholders by downloading from the CDBL website www.cdbl.com.bd registration forms.
Investor AwarenessBSEC's Message (Repeat): 1) It is not wise to invest in the capital market without having proper information, detail knowledge and experience regarding different aspects and nitty-gritty of the capital market. 2) It is to be kept in mind that the profit or loss whatever you make from investment is belong to you only. Therefore prudent investment decision based on knowledge and fundamentals can be your real assistance. 3) Don't pay heed to rumors at the time of buying and selling of shares. Buying and selling of shares based on rumor can be harmful. Even spreading of rumor is legally prohibited. (BSEC vide its letter no. SEC/SRMIC/2010/726 dated 23 November 2010).
Continue- Important newsBSEC(Repeat)(continue): In this situation, in the greater and long term interest of the growing capital market and investors, all related to Stock Exchange and market intermediaries i.e. stock broker/dealer, asset manager, merchant banker, issuer company including their officials are requested to abstain from giving opinion/comment on investment which may create enthusiasm or confusion among the investors. (end)
Important newsBSEC (Repeat): It is observed that in the context of the present condition of the capital market, many small and new investors are involved which is undoubtedly encouraging. But it is a matter of concern that a portion of these investors without having proper, timely and detail knowledge and reviewing/analyzing the information of the different aspects of the capital market are being attracted in investing on the basis of rumor, hearsay and different comments from different quarters, which may make their hard earned capital risky, as a result, it will not only hamper the confidence of these investors but may also create hindrance of the continuity and firm growth of the capital market.(continue)
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